Market Size of Europe Non-Resilient Floor Covering Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 10.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Non-Resilient Floor Covering Market Analysis
The Europe Non-Resilient Flooring Market size is estimated to register a CAGR of 10.7% during the forecast period, 2022-2027.
The Europe Non-Resilient Flooring Market has experienced an adverse effect of COVID-19 because of applied lockdown, halt in manufacturing, logistics and other operations. The coronavirus impacted all the industries leaving them seeing drastic loss including non-resilient flooring market as well. The worldwide crisis of coronavirus has declined the construction industry as many of the ongoing infrastructure or settling new plant projects are either postponed or cancelled which has led to huge losses in manufacturing, employment, supply chain, transportation impacting non-resilient flooring market very badly. Now, due to increasing pace of construction, logistics and operational areas in every sector of market, The Europe Non-Resilient Flooring Market tends to grow throughout the forecast period.
The Europe Non-Resilient Floor Covering Industry is a world leader in producing value added, uniquely designed, high quality ceramic products manufactured by flexible and innovative companies, the majority of which are SMEs. The ceramics industry represents an annual production value of around EUR 30 billion, accounting for approximately 25% of the global production, and over 200,000 direct jobs throughout the Europe in decade.
One of the important factors that affected the floor covering market a decade ago was its parent market, the construction industry. The construction industry is a very crucial segment of the European Union economy contributing to about 9% of the region's GDP. The sector provides more than 18 million direct jobs and along with the creation of several indirect jobs. The increasing disposal incomes have enabled the customers to spend on their choices of floor covering driving the growth of luxury segments of the floor covering market. Italy being one of the top exporting countries of Ceramic tiles in the region has gained more customer base across the world with its high-quality ceramic tiles that are highly resistant to temperature changes along with scratch and stain resistance. They also offer aesthetically appealing designs that gained more customer interest in middle eastern countries like Saudi Arabia, the United Arab Emirates.
